Jeff Vinik’s CBP Development has won the auction for the right to control Channelside Bay Plaza’s fate.

The Tampa Bay Lightning Owner’s group put in a bid of $7.1 million. The auction took place in New York on Wednesday.

This development first was reported by the Tampa Tribune on Wednesday afternoon.

CBP Development was among three bidders for the project, which has been mired in lawsuits for the past year. Vinik’s team beat out Liberty Channelside, a group made up of Santosh Govindaraju of Convergent Capital and Punit Shah of Liberty Group and Port Tampa Bay.

Channelside Bay Plaza is down to only a few remaining tenants as it has been in a slow freefall for years.